Houlihan Lokey Advises Tenzing

Houlihan Lokey is pleased to announce that European tech investor Tenzing has acquired a majority share in Mahr EDV (Mahr), a managed IT service provider catering to small and medium-sized enterprises (SMEs). This collaboration marks a significant milestone for Tenzing as its first European investment since expanding into the DACH region in January 2023. The transaction was completed on 28 September 2023.

Tenzing is a founder-focussed, growth equity investor, investing in tech and tech-enabled businesses in the UK and Europe. The company helps entrepreneurs realise the value in their business to help them grow. Mahr is the ninth investment within Tenzing’s £400 million Fund II, which started investing in 2021 and is one of 16 high-growth businesses within the Tenzing portfolio.

Established in 1999 by visionary CEO Fabian Mahr, Mahr is headquartered in Berlin. With a strong presence across Germany, including key locations such as Düsseldorf, Cologne, Dresden, Leipzig, Essen, and Hamburg, Mahr boasts a dynamic team of more than 180 experts. Its dedicated workforce caters to a diverse client base comprising more than 600 SME customers, primarily situated in Germany.

In an era characterised by a shortage of skilled IT talent and the persistent spectre of cyber threats, there is an unabated demand for IT outsourcing and managed cloud services. Mahr is poised to tackle these challenges head-on with its one-face-to-the-customer approach tailored to the under-digitised German SME sector.

Mahr's distinctive outsourcing solution alleviates the burden on SMEs, who often grapple with the pressure of securing in-house IT specialists amidst fierce competition. The company's unwavering commitment to delivering unparalleled customer service has garnered recognition in the leading DACH IT services study “Beste IT Dienstleister”, voted by IT decision-makers from 2,500 SMEs and conducted by ChannelPartner and iSCM market research institute, where Mahr clinched the top spot in categories including Domain Expertise, Strategic Customer Understanding, and Response Time among over 700 IT service providers.

Houlihan Lokey served as the exclusive financial advisor to Tenzing.